renminbi

[ ren-min-bee ]

noun

, plural ren·min·bi.

1. the currency of the People's Republic of China, the basic unit of which is the yuan.

renminbi

/ ˌrɛnˌmɪnˈbiː /

noun

1. See yuan
   another name for the Chinese yuan

Word History and Origins

Origin of renminbi¹

1955–60; < Chinese rénmínbi, equivalent to rénmín people + bì currency

Word History and Origins

Origin of renminbi¹

Chinese renmin people + bi currency

Example Sentences

The lower the value of the renminbi, the cheaper Chinese exports and the more expensive the American exports.

From The Daily Beast

When Beijing pays for those dollars with renminbi, it inflates its own money supply.

From The Daily Beast

Beijing needs to be concerned that a weakened Obama will be in no position to veto legislation targeting the renminbi.

From The Daily Beast

Up until then, the Chinese central bank had pegged the value of the renminbi to the dollar.

From The Daily Beast

By keeping the renminbi artificially low, the central government makes Chinese exports cheap in foreign countries.

From The Daily Beast